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administration. you're not surprised. a new report says millions of dollars for great energy and the 2009 stimulus package went to foreign companies. with more on this and, senior political columnist for the washington examiner. it's great to see you again, as always. i mean, look at the dollars and sincere. 16 billion for the green energy program. one out of $4 went to foreign companies. does that make any sense you? >> this is what happens when the government tries to get in a situation of picking winners and losers. it doesn't even do that very well. they're trying to reward the american companies. oh, here is a subsidy for installing windmills or installing solar panels. guess what, a good chance they are going to be made overseas. a good chance that a lot of these subsidies are going to go before companies. and this is been true in many government programs, not just obama's stimulus, but obama through the stimulus really ramped up the degree of the government handing out money to green energy. gerri: france, spain, japan, italy, you name it, are cut money when all over the planet. he
. the icing on the cake, it would help us as a nation become more energy independent. what is it? well, drumroll. approving the keystone xl pipeline. it is not just me. today senators on both side of the aisle have written a letter urging the president not to approve this pipeline right now. thanks to a major announcement from the governor yesterday, you're out of excuses, mr. president. joining me now, jerry taylor from the cato institute. great to have your. it's back in the president's hands once again. what is your betting on what you will -- you will do? >> i don't know. they don't send me internal memoranda. my guess is he will approve the pipeline. it's very difficult to say no. the state department already argued the filing sometime ago that it would have minimal impact on the environment. not a lot of dispute that this would be good for the economy. gasoline prices may have been sliding, but they seem relatively high command others think of the pipeline as a way of addressing that. given all that i suspect the president will approve the pipeline, but i could be wrong. gerri: a
. this is energy. this is jobs. this is economic activity. it will create revenue to help with the deficit and debt. this is about energy security, energy independence. so we don't have to get oil from the middle east. melissa: you know environmentalists don't like it even though we've taken care of a lot of problems and hurdles we put up in the first place. those have been taken care of. you know environmentalists don't like it. seems like the president is recommitted to battling climate change. he doubled down on green energy. this really doesn't fit into his portfolio of energy options. >> here's thing. there is better environmental stewardship with the project and without it. that oil coming to the united states means lower emissions then sending it to china. it actually means less emissions with the project. i think what we've shown today that the president needs to approve it because it is in the interest of the american people to do so. they don't want to get the energy from the middle east. they want to get it here at home and working with our closest friend and ally canada, and that if the
american-made energy. but we've got to be careful how we get it. design the wells to be safe. thousands of jobs. use the most advanced technology to protect our water. billions in the economy. at chevron, if we can't do it right, we won't do it at all. we've got to think long term. we've got to think long rm. ♪ ♪ [ male announcer ] now atat your neighborhood subway: the big hot pastrami melt. we've perfected the pastrami sandwich -- filled with juicy pastrami pickles, yellow muststard and melted cheese. all piled-high on freshly baked bread. taste one at your local subway today! subway. eat fresh. >> welcocome back. our number of the week is 30 the percentage of american workers not getting eugh sleep according to the centers for disease control. scientists estimate that sleep deprivation cost u.s. companies more than $63 billilion in 2011, due to what scientists call presentism, people who show up for work but operated subpar levels. scientists in sisingapore estimatete tt for every hour of sleep, the worker waste's eight ♪ ♪ ♪ ♪ [
: president obama's second term energy agenda taking shape despite the departure of key cabinet members. live look like more of the same? lori: about 1 million people flooding the nation's capital for the inauguration festivities we are talking to the big cheese. neil cavuto coming of next. ♪ lori: historic day on our nation's capital as president barack obama take the ceremonial of the office for a second term. let's give ready. our man in the middle of it all. neil cavuto. i'm surprised you're not at the luncheon sipping champagne. were you supposed to be seated next third? neil: i was tempted to, and i normally would have. i had to rush back here. boy, what a luncheon. the you know, that luncheon including all courses is over 3,000 calories. melissa: her organic bush. lori: neil: steamed spinach. i guess all the sauces. not a lot of bad stuff on the surface, but it is the sauces. 3,000 calories. lori: a crumb apple pie, i guess. sour cream ice cream. i don't know. neil: and on and on. yes. it gets ugly. lori: you complain about the take out. at least from where you are having to come bac
the consumer coming back as well. when you add all of this together, the improvement in the energy sector, foreign economy starting to do a little bit better, i think the stock market do well in the second term. just not as good as the first. connell: what if they mess it up again in washington? we will go into another round of negotiations, maybe we won't, on the debt ceiling. maybe we go over one of them. you have to take that into account. how does that change your odds taking capability as you look at the markets? >> you do have to take it into account. no question. maybe we will get beyond some of this and the first half of this year. at least enough to allow us to look beyond it. i think between now and then, no question we will be dealing with these deadlines coming up in the next few months. connell: do you still buy stocks? our stocks at the place be? it will be very interesting to see what happens with interest rates. you talked about that accommodative federal reserve that is there. there will be this push / pull on that side of it. >> i do think market rates will be drifting h
a doubt. let me say one. leadership in this market is coming from a very interesting place, energy. take a look at the xle, the top performing sector on the s&p since the first day of trading. look at the individual names and then look at some of the smaller names within energy, not just exxon and chevron. there is tremendous strength in those charts, and that's actually a very positive sign. it's a cyclical area, and you want to see leadership come from there, so i'm happy to see it and i'm actually pretty bullish on the group in general. >> energy has been an important leader for this market the last couple of years. >> sure has. >> folks, thank you. we'll see how this market responds in the final hour of trading and what it may mean for the future. we'll talk to you all later, thank you. >> indeed. we have been pairi iparing some early session gains. matter thompson, break it all down for us. the big movers, including a stunning move from netflix, right? >> reporter: netflix is really a standout in a market that's turned mixed today. the markets can't move above the key 1,500 mark and
business, and policy leaders. they leave april 8 and will promote clean energy, california products and tourism. >>> felon sentenced today in connection with a shooting and sexual assault at the occupy oakland encampment. he agreed to a plea deal, he pleaded no contest to four felonies. being an accessory to a shooting near the occupy oakland encampment in 2000 and being involved in a sexual assault 5 days later. >>> mayor ed lee was asked about how he felt about oakland's decision to hire william bratton. mayor ed lee said he is surprised he is talking about the police procedures he will suggest for oakland. >> i was surprised that former chief bratton talked about it. but i think she doing the same thing i did. thinking outloud about the things that -- outlet loud about the things that out to be -- out loud about the things that ought to be considered. >> he is working to reduce violence in detroit. >>> most of us are try -- dry right now. our chief meteorologist bill martin is tracking the system and which parts of the bay area will get wet. >> showers falling in the valley today
of the energy market, gasoline futures are spiking as there is word that one of the major east coast refineries. natural gas prices down 4% in today's trading session. guys, we are nearing $100 a barrel, as far as oil prices are concerned. melissa: sandra smith, thank you so much. lori: three-week since boeing 787 had its latest incident. investigator is shifting our focus. we have the latest details just ahead. melissa: the s&p holding their five year high. ♪ the local melissa: it is time to make money with charles payne. charles: i accidentally went to ugg store. we just dumped into the door. what? i could not believe that you know, you do not like to do things on this anecdotal thing. the last time i went to a retail store that crowded with that type of enthusiasm and electricity was back in 2002. steve madden. the place was buzzing. i cracked a few jokes. no one even knew what i was talking about. the stock was five dollars then. you look at all the things that hurt them. weather. sheepskin prices. the macroeconomic situation in europe. i just love the way the stock has been acting. to se
for the sec. "if confirmed by the senate, i look forward to using all of my energies working with my fellow commissioners and the extremely dedicated and talented men and women on the staff of the sec." white is a former u.s. attorney and defense lawyer for white- collar crimes on wall street. she famously took down mob boss john gotti. "she's a bit of an unknown on wall street. we know she's a tough prosecutor and she's never been in any kind of financial services job. the sec is more than just prosecuting bad people, it's also a regulatory body, about writing regulations, so i think wall street is going to take a wait- and-see attitude." that was james bianco of bianco research. the president also wants richard cordray to continue his role in leading up the consumer financial protection bureau. legislation that would dramatically change america's gun laws is now on the table. lawmakers have unveiled the assault weapons ban of 2013, a bill that would prohibit assault weapons and high- capacity ammunition magazines. if passed, the bill would also require background checks for the purchase o
and into cleaner energy sources. >> megyn: yeah, it's an interesting case, lauren, thanks so much. >> reporter: all right. >> megyn: republicans are already calling this morning's court ruling on the president's recess appointments a big win for the constitution. what does it mean for the country's labor board. this is the nlrb is important, they decide important matters and there's a reason why president obama felt so dedicated to getting these guys on the nlrb that he took this risk and did it when the senate may or may not have been in recess. and of course, it wasn't. what does it mean now. what happens to the board? what does it mean for union disputes? jay sekulow and julian epstein after the break. and al gore on the circuit to plug his new book. we'll look into questions why he sold his tv network to a broadcaster once staged an onair party for a convicted terrorist, and a terrible situation made worse as hushi hurricane sandy victims suffer through a cold snap without power, they're not happy and we'll check with them. >> these are people that are suffering, and we went to see their
's the most energy efficient and sound, that oil trucked to china, their refineries are probably ten times dirtier than our refineries. >> brenda: we've got to go. and thanks to everybody and caroline for joining us. coming up, forget that no budget, no pay plan that could delay lawmakers paychecks. get the name that can balance d.c.'s books and pay you at the same time. xip
supplies, the high price of the gas and the depreciation of the yen. as an energy importing company, we are concerned about what level the exchange rate will subtle at because it has a big import on our costs. >> reporter: experts think a weaker yen will hurt importers more than it helps exporters. and it may cause a trade deficit to widen even further in 2013. >> another sluggish economic situation. we cannot expect that export will grow by enough paces, but huge imports of fossil fuels is expected to increase this year also. so i estimate that this year's trade deficit will lead to 7.6 trillion yen. >> reporter: japan has a reputation as a trade powerhouse led by exports, but now it has fallen into the red. the question is whether it can counter the deficit. the outlook is dim. this is a challenge of cultivating new overseas markets to keep pace with rising imports. daisuke azama, nhk world, tokyo. >>> all right. let's get a check to see how markets fared start. starting in europe stocks are looking like this, fairly mixed picture right now with the majors there. we did have that stro
in algeria. he had spent years developing energy resources. he led a project to develop gas fields in the desert. ito came from minamiransiku, a town devastated in the tsunami two years ago. now his 82-year mother lives alone in temporary housing. she says she has no mementos to remember her son. he and his former classmates were planning to get together next month to celebrate their 60th birthdays. >> translator: ito said he would join the party but would not stay overnight because he wanted to visit his mother and stay with her. i want the news to be a mistake. i still think ito will show up at the party. >> reporter: he was looking forward to seeing his old friend. instead, he and the others will take a moment to remember. keiko abe, nhk world, tokyo. >> seven survivors of the attack will fly home on a government plane. the bodies of the seven victims will also be on the plane. >>> a businesswoman in japan is trying to solve a problem in a place that has no shortage of them. the aftermad of the 2011 tsunami left construction crews in the northeast with plenty to do but few place
. the brownie of your dreams barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >> california senior senator feinstein is trying once again to get assault weapons banned. on the hill today she introduced a bill to out law 158 military style assault weapons. she says she has a lot of backing. this is photo sent to 7 news by local contingent that joined the so-called million mom march in washington in support of the bill. more from mark matthews. >> senator feinstein walked in with lawmakers, law enforcement officers, clergy and victims of gun violence. all supporting her call for a ban. >> we prosecute hibt 158 specifically named military style firearms. >>reporter: feinstein measure would stop the sale, transfer, importation and manufacture of assault weapons and clips that hold more than 10 bull lit let. >>
for a chance to win a championship. >> his players say harbaugh is an inspiration. they say his energy and drive is contagious. >> his energy is so high. he keeps you that way wishes is a good thing because we can all feed off of that. >> this is the last time harbaugh will hold a news conference before heading out to new orleans. also the last time players can express their expectations. walker said practicing in santa clara and thinking about going to his first super^bowl seems a bit unreal. >> i think once we get to new orleans and start practicing outside the box it will hit us. >> alex boon said he's been warned not to let the spectacle of the super bowl change his focus. >> there's a time are we playing today or here for a concert? stay focused at all times. >> the 49ers will practice again saturday and head off to new orleans on sunday. in santa clara, abc7 news. >>> today the last of the 49er season ticket holders who lucked out in the special lottery will pick up their super^bowl tickets. ticket pickup began yesterday. >> i'm pumped. i'm doing the dance, yeah! i got my ticks.
. the tight end says his energy and drive is contagious. >> the energy is so high, he keeps it that way. which is go. we can all feed off of that. >> this is a last time harbaugh will hold a news conference before headed to new orleans. also, the last time players can express their expectations. another tight end, walker, says practicing in santa clara and thinking about the first super bowl seems unreal. >> when we get to new orleans, it will hit us when we practice. >> the defense line man has been warned by have been veterans not to let the spectacle of the super bowl affect his focus. >> there will be a time when you are like, are we playing a game today? are we here for a concert? they say, stay focused. >> the 49ers practice on saturday and head off to new orleans on sunday. >> today, the last of the 49ers season ticket holders who lucked not a special lottery will get their super bowl tickets. pickup began yesterday. >> yeah? i got my tickets. >> he is not too excited. he said he has no idea how he will get to new orleans for the game. yesterday, season ticket holders arrived at the par
high. your 401(k) is looking a lot better. domestic energy production is way up. if we build the pipeline and frack some more it will be up even more than that there are two sides in the argument. early in the game, our team is down or yes we are in the 7th inning and things are looking up as we head beyond the stretch. martha: here comes the part where stuart says, in my opinion, where are we, stuart? >> in my opinion we're still for the rest of this year going to bump along. i will give you a baseball analogy but we're bumping along the bottom. i think we'll get growth, maybe two, 2 1/2%, that mart, that is not good enough. we need four% for a consistent period of time to get our debt measureably under control. not going to get it. martha: tough to find the engines of growth when you look out there, stuart. >> could be energy, martha. martha: could be. thank you so much. good to talk to you as always, sir. bill: where i come from the 7th inning stretch means there are 2 1/2 innings of baseball to play and the other team can back and tie it up. martha: that's true. bill: i d
, major explorer, major producer of energy. and now you're seeing how much that's worth, which is a lot more than been kept back by refineries. very smart move. i congratulate them. the stock is going much higher, in my opinion. >> bob is here with more on what is moving this morning. >> hey, guys. happy monday. good to be back. i was in san francisco for a week visiting family and friends who were working there. the dotcomers have moved back into san francisco after moving out for a few years. they're moving into areas like the mission. they're pushing back some of the old impoverished section of san francisco. that city is experiencing a renaissance. i spent a whole week there. a lot of optimism in san francisco right now. the s&p obviously over 1,500, first time since 2007. record inflows into stocks, mutual funds in january. records, we've been waiting how long for that? china shanghai index, up 2.4% this morning. now we're at a seven-month high in chinese stocks. european banks, remember last week talking about repaying their ecb loans early. there's reports over the weekend spain
natural gas and heating oil futures stand is what's happens with the energy department reports tomorrow. we do have the petroleum inventory report as well as natural gas stores report. both of those key to the energy trade in the session ahead. back to you. >> all right. sharon epperson minus an ear piece, apparently, but a good report. thank you very much. >> the winning streak for the equity markets just keeps on going. it's green across the board again for all three major averages in today's session. our own jeff cox points out this is the longest streak since 1990. a bull market with no correction. >> a 10% decline. >> right. >> pullback of some kind. >> jeff worries that the bears have given up, and that could mean soon that things go the other way, but does that -- our panel agree with that? joining us along with jeff our guests. jeff, all is bullish, as we've talked about this. you feel like we're getting a little too complacent about this as we get closer to all-time highs, right? >> yeah, bill. let me point out a couple of things. three things that have me concerned. we talk ab
we'll call those retails. industrials up ever 6% so far. energy up over 6.5%. materials 5.5%. every one of those have economic growth written on them. >> right. the way we got back to the equity market valuation we're at which is the same peak we achieved twice in 2012, it was partially discretionary and financials but it's china, industrials and materials that's through their peak expectations. you have to ask yourself if you have a slow down in consumer demand, china is still incredibly export leveraged. we have very difficult time interpreting china data -- >> tax hikes are in. people know about the tax hikes and still buying these cyclical retail house building stocks. they know this and buying. why is that? >> we started out the year and we were going to achieve an escape velocity. by the second quarter we were in a new normal. by summer -- >> people aren't looking for three. you think the market is pricing in at three? you think so. >> 2.5. i got to go. i give the last word. >> there are several warning signs out there from a trading perspective. australian daughter. china doi
, et cetera. but he says think about residential real estate. think about energy, and petrol companies. and we see growth in those areas. but stay away from credit for now. >> kate, lot of ideas there. thank you very much. >>> so john paulson is bullish on housing. one area that is on fire, home renovations. how can investors get in on the action in that sliver of the housing world? diana olick has more. eye, diane. >> hello. in d.c. you have one renovation, another one next door, another one behind that in the alley and pat turn around because behind that dumpster is a third renovation on one street. that means billions of dollars, thousands of new jobs and big boost to stocks that fuel this business. take a look at numbers here. remodeling spending, just by homeowners alone, that is owner occupant hit 2007 peak of $146 billion. only to fall to $110 billion by 2011 according to a new report by the harvard joint center for housing. now it comes back to the 120 range and this doesn't include the $10 billion spent by foreclosure investors rehabbing to rent. jumping 9% last year and poise
] what?! quattro!!!!! ♪ barrow island has got rare kangaroos. ♪ chevron has been developing energy here for decades. we need to protect their environment. we have a strict quarantine system to protect the integrity of the environment. forty years on, it's still a class-a nature reserve. it's our job to look after them. ...it's my job to look after it. ♪ >>> welcome back to the cud lku report. i'm larry kudlow, in this half hour, the inaugural address was filled with his blueprint and no discussion of the connism aecon. later on, will phil mickle son leave california? quickly, my take away from the address yesterday, attempting to break ronald reagan's three decade long policies. i think the president had no entitlement reform or growth proposals and this talk of collectivism, it means that government is becoming the great equalizer. mr. obama seems to want equality of result and i think he's all wrong. let's talk about this. let's bring in art laffer and andrew codd. >> art, he didn't even hardly mention the economy. but you are an economist, how did you read this speech and what does
are exclusive to apple. they stretched tthe stocks of its key suppliers. cirrus logic makes energy and audio semiconductors for apple. shares fell 10.8%. cirrus reported a big jump for its quarterly profits, but revenues were not as strong as wall street estimates. fellow apple supplier sky-works dropped 1.8%. wireless semiconductor supplier qualcomm saw more modest weakness, down just 0.8%. a big apple partner, a.t.&t. experienced the short term cost of selling all those iphones at a discount. but saw the growth slow of wireless new subscribers signing long term contracts. while earnings were up om a ar ago, they were a pey per share less than estimates. these results are before a.t.&t. took a $10 billion accounting charge for pension and retirement plans. as the company battles verizon for wireless customers, it is falling further behind. a.t.&t. added 780,000 in the fourth quarter to a total of 70.5 million. but verizon added 2.1 million new subscribers in the same time period to 92.5 million. shares of a.t.&t. were down a fraction during the regular trading session,ut gned about 0.5% to
'll continue to work hard. we think this one is less complex. >> i.c.e. has a lot of commodity products, energy. >> so they've got the energy and commodity futures, we've got the interest rate futures. they don't have an equity business or commercial technology business. there is almost no overlap. so it seems this should be pretty routine, but it's a long process that we have to go through. >> are you going to sell 9 listings business? >> no. >> the nyse brand stays, the i.c.e. brand stays. we intend to sell off the four continental exchanges in europe after the closing the deal. that will be a 2014 event. that's also been very positively received by the regulators. >> you think this deal closes this year? >> end of q-3, hopefully q-4 as well. >> duncan niederauer. >> thank you. >> keep an eye on bright horizons family solutions. opens at $27.75. now going public. strong start. the ceo of the child care services provider will join us at post 9 in a bit. but first -- >>> up next, we let cramer loose. what can we expect from the unchained market maestro? six stocks in 60 seconds when "squawk on
to watch is a piece of that energy move into the intermountain west. it's dry in colorado now, but we'll watch -- watch what happens from here into the upper midwest. we're going to see an ice storm develop once again. and chicago actually has a winter storm watch posted from tomorrow morning through monday morning. the timeline, 1:00 tomorrow afternoon, here's chicago. the pink delineates where we will see freezing rain. why it's freezing rain instead of chicago instead of snow, you ask, is right at the surface is where we have temperatures at the surface, immediately close to the ground. we have them above freezing. and so we're seeing some temperatures right along there. we're watching the liquid fall to the ground but freezing on the surface where temperatures down there are cold. but above that in the atmosphere, it's much warmer. we're going to watch this ice storm move east and then impact the northeast for the day on monday. in terms of temperatures, it has been frigid. the coldest arctic air of the season. that is pushing eastward. finally, this big ridge of high pressure, te
it out of the tar pits, however, we can't stop it from leaving the tar sands. what's the most energy efficient and sound, that oil trucked to china, their refineries are probably ten times dirtier than our refineries. >> brenda: we've got to go. and thanks to everybody and caroline for joining us. coming up, forget that no budget, no pay plan that could delay lawmakers paychecks. get the name that can balance d.c.'s books and pay you at the same time. my bad. tell me you have good insurance. yup, i've got... [ voice of dennis ] ...allstate. really? i was afraid you'd have some cut-rate policy. nope, i've got... [ voice of dennis ] the allstate value plan. it's their most affordable car insurance -- and you still get an allstate agent. i too have... [ voice of dennis ] allstate. [ normal voice ] same agent and everything. it's like we're connected. no we're not. yeah, we are. no, we're not. ♪ ask an allstate agent about the value plan. are you in good hands?
are exclusive to apple. they stretched to the stocks of its key suppliers. cirrus logic makes energy and audio semiconductors for apple. shares fell 10.8%. cirrus reported a big jump for its quarterly profits, but revenues were not as strong as wall street estimates. fellow apple supplier sky-works dropped 1.8%. wireless semiconductor supplier qualcomm saw more modest weakness, down just 0.8%. a big apple partner, a.t.&t. experienced the short term cost of selling all those iphones at a discount. but saw the growth slow of wireless new subscribers signing long term contracts. while earnings were up from a year ago, they were a penny per share less than estimates. these results are before a.t.&t. took a $10 billion accounting charge for pension and retirement plans. as the company battles verizon for wireless customers, it is falling further behind. a.t.&t. added 780,000 in the fourth quarter to a total of 70.5 million. but verizon added 2.1 million new subscribers in the same time period to 92.5 million. shares of a.t.&t. were down a fraction during the regular trading session, but gained abou
. health care, tech and energy. right. why health care? because the golden days are gone. health care is going to have a tougher road ahead. decent sector but merck's not trying 20 times earnings any time soon. technology, there's revolution under way right and i think as a result you can make a bet on apple, google, et cetera, but there are reasons why they trade where they trade and so the world of 20 times multiples for large cap tech stocks will challenge as well. and energy, oil is at 100 not 20. >> but another revolution in energy too, right? >> but it's a bit of -- there's a lot of volume. not much profit. the market ultimately you can see why some of the sectors that drag multiple down are where they are. doesn't make it bad. but does it make me think that multiples just bottomed out? not so sure about that. >> yeah, you wonder whether you see multiple expansion in either one of those last two. in health care it's hard to -- it's going to be continuous cost pressure and then energy we just saw, climate change is the biggest thing that he talked about yesterday. i mean i wonder
that interview. >> the 49ers say their new stadium will rely on renewable energy. they announced the stadium will create as much energy as it uses. the facility will have solar panels, and possibly charging stations. the stadium is on schedule to open late next year. >>> last night the alma mater of coil incelebrated his success thousands attend the basketball game and during the time out they flexed their arms and kissed their biceps. . >>> the rising star is trying to trademark his famous pose. the patent office received an application. he wants to print the pose on clothing. he has authorized a few small t- shirt companies to use his name and image. >> the search for the next american idol moved to charlotte north carolina last night and the judges saw the good, the bad and the ugly. >> you know how i feel. >> i don't know. >> yeah. >> come on. >> very nice. >> 37 from charlotte were put through but it was the tension between judges that seems to steal the show. >> i'm sorry. i can't help her. maybe i should just get [bleep]. >> every word she said was a yodel. >> the tryouts mo
, other way you'll pay more in energy taxes or energy prices. in his inaugural address he spent more time on climate change than any other single issue. environmentalists ecstatic, the foreign media client. and the world's great minds will call for a 14 trillion dollar global greening. this is tuesday, january the 22nd, the day after the most liberal, all-government, all the time inauguration speech in memory. "varney & company" is about to begin. you turn for legal matters? maybe you want to incorporate a business. orrotect your family with a will or living trust. and you'd like the help of an attorney. at legalzoom a legal plan attorney is available in most states with every personalized document to answer questions. get started at legalzoom.com today. and now you're protected. [ cows moo ] [ sizzling ] more rain... [ thunder rumbles ] ♪ [ male announcer ] when the world moves... futures move first. learn futures from experienced pros with dedicated chats and daily live webinars. and trade with papermoney to test-drive the market. ♪ all on thinkorswim. from td ameritrade. >> golfer
the whole long fight to increase auto mileage fuel efficiency standards. >> cheap energy and also a cheap dollar. >> they will fight it. stuart: there you have it. we are out of time. dagen and connell, it is yours. connell: congress set to make a move on the debt ceiling. art laffer is coming up. dagen: playing some defense. the jpmorgan ceo lashing back at critics. more regulation is needed. connell: testifying on the benghazi attack and why moore could not have been done to save americans who died in libya. we will talk about that. dagen: stocks now and every 15 minutes. nicole: we are seeing the dow and the s&p hitting five-year highs. we are in quite an environment. nowhere near that 6500 mark where we were for the dow. we have seen a lot of names on the dow doing well today. microsoft, united, disney. we have had earnings season. we are all waiting on the debt ceiling and, obviously, that is something that looms over. google is up 6% now. as we await each one, it certainly can be a market moving event. after the bell, we will have apple and netflix. dagen: ridge edson is standing by
will do well because of energy. we both believe it is on the upswing because of housing. >> that is all you have to say? stuart: we also agree on taxes. >> we should have a free enterprise, free market system. stuart: why are you such a supporter of the most leftist president in american history? >> it is not just a chief financial officer, it is a leader of our nation. he has no peers when it comes to any other candidate on the republican side or any other republican sitting in the senate. we are out of time. connell: good morning, everyone. i am connell mcshane. dagen: i am dagen mcdowell. things are looking up on the jobs front. connell: monica crowley. dagen: dreamliner, the troubles have not gone away for boeing. michael dell has ordered one of them. connell: then there is jamie dimon and john chambers. you will be hearing from both of them in this hour. liz claman at the world economic forum. cheryl: stocks now and every 15 minutes. apple. nicole: i will show you apple in a moment. the dow, the s&p are doing quite well. five-year highs. highs that we have not seen since 2007. the
, or energy. at this point, you know, you like those groups? >> yeah, absolutely. there's a good point, the consumer is not really serging the way they have done in the past, and that's actually our point specifically here. renaissance -- cheryl: they are not working. >> absolutely, but those are lagging indicators. the renaissance is coming around, manufacturing, the early cyclical materials, and once they move, you can start to see better economic data down the road. again, we looked at the tape first, judging as a leading indicator in front of the economy. i think that's what it tells us at this point. cheryl: john, back to 2004 here with the fed, i mean, at that point, that's when they started, if memory serves, to begin to raise rates. you didn't see that market peak, again, the october 2007 market peak. there was a major lag there. are we facing that again? are we that far behind the curve? >> u -- you know, we see that in the past, even back in the 1990s, the fed hiked interest rates in february of 1994, the equity market didn't peak until march 2000. while the start of fed rate
this energy at bay. but it is not going to hold it much longer. that is why we will be dry with showers in the forecast. we are waking up with high clouds, with frost inland and low 40's for everyone else. we will have mid to up 50's and back in the mid-to-upper 40's at 7:00 with increasing clouds overnight. i don't see any frost in the forecast tomorrow, with showers in north bay possible, and 50's and 60's but dry on thursday and friday. sue? >> good morning, everyone, c.h.p. giving update on the location of the stalled because. it is northbound 101, the connection ramp, to northbound 280 in san jose. it is blocking the right lane. there are 30 people on board. they are trying to get the stall out of there with a tow truck and another bus to get folks where they need to go. northbound 880 at first, reports of a tree blocking lanes and c.h.p. is likely not giving us further details. we think it is a christmas tree. north 101, the left lane is blocked until 6:00 because of road work. san jose, 87 northbound a live shot with few cars headed northbound beyond h.p. pavilion. traffic is mov
. that shows the impact of this. but around the north east, the department of energy has warned because of declining production in canada of natural gas and the inability to get the cheap fracking gas to the northeast, northeast bills are absolutely going to soar, hitting the highest level since 2008. >> neil: driven by the weather or more than that? >> no, i think it's really the weather, right now. if you look at the volatility of the natural gas prices in the northeast, and the inability to get natural gas where it needs to be, you are seeing extreme volatility, not only in the prices of natural gas, but for electricity and other uses right now. you know, and this is the way the rest of the country would have looked, neil, if it weren't for the fact that fracking has really changed the world as we know it. right now, you are paying $22 per million metric btu. the rest of the country, henry hub, you are 360. it shows what a major impact that has had. bottom line here, when you heat with heating oil, a new high for the year and to be honest with you, that fuel is being phased out. natu
as much energy as it uses on game days. once the team starts playing there. the niners announced the deal to install several solar panels in the stadium. >>> well, politicians know very well pleasing constituents always comes first. maybe that's why baltimore-born pelosi is backing the 49ers and not the ravens. pelosi said growing up, she was a ravens' fan, but her constituency is san francisco. pelosi puts it this way, i'm rooting for the 49ers. i'm not rooting against baltimore. stay with ktvu for continuing coverage leading up to super bowl xlvii. we are following the team as they prepare for the game in new orleans. we're also sending crews to the big easy. plus, you will find updates on ktvu.com. >>> some dangerously low temperatures are hitting the northern central and northeast states. an arctic air mass is hovering over the region for a fourth day and the forecast says the big chill will continue right on into the weekend. one woman in minnesota suffered frostbite on her toes after running out of gas on the highway. >> an hour before we got here, i just started crying. i couldn't
housing recovery, like more energy production, like china picking up, like europe calming down a little. it is focusing on the good, ignoring the debt and the political wrangling. it is about 268 away from the all-time record high, bill. bill: that is remarkable. take you back a couple years now. seemed like we were starting every year on a good note and all that fizzled away. is it different now though? >> you're talking both the economy and the market. we seem to pick up in the very early part of the year and by the spring we start to fade and fade into the summer. that has been the pattern of the last three, four years now. i don't know whether that's going to be repeated this january but we're certainly off to a very good start. i would advise you, bill, watch out for numbers that are coming out on wednesday. they will be the big picture on how strong or otherwise our economy is growing and it is likely to be bad news. bill: but this run too, it's come in the midst of, well, one of our highest flyers, apple, it was creamed and we're still doing okay. >> apple has gone from $703 a sh
a positive legacy. >> advisers say that the president is focused on guns, immigration, energy policy and, of course, the economy, but knows he has a year to at most 18 months to get things done before he is seen as a lame duck. the white house game plan is to campaign aggressively outside washington in order to keep maximum pressure on congress. matt? >> andrea, thank you very much. joined by a couple of familiar faces in david gregory and tom brokaw as well. good morning to both of you. >> good morning. >> his goal has been to get a second term. mission accomplished now. how high will this president set his goals for the second term? how high should he? >> economic restoration, comes into office amid financial ruin of the country. he understands the public wants to get back to work, wants the country to grow again economically. everything flows from that. that's what we're starting to hear again today. it's four years but much less than that, if you think about that. >> it start with his that, fiscal responsibility, debt and spending. it goes to gn control, immigration, perhaps some act
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